Does your health tech company want to use artificial intelligence? Apply to the AI bootcamp!

Tehnopol Science and Business Park is organizing an AI (artificial intelligence) bootcamp for companies that want to integrate AI solutions into their processes. The pilot projects will receive a funding in total of 370 000 euros. This will be the second AI bootcamp this year and this time health tech companies are also welcome to apply.

Tehnopol in collaboration with the Ministry of Economic Affairs and Communications established an AI Development Programme which was launched at the beginning of this year. The aim of the programme is to help companies climb higher in the value chain. In the first bootcamp, that took place in February, the pilot projects received a funding of 190 000 euros. The state will invest 800 000 euros in total into the programme.

The second bootcamp will take place in August and in addition to industrial companies, health tech, green tech and edtech companies are welcome to apply. These are the focus areas where the Estonian state is focusing on and where large growth is expected. The AI Development Programme is the best chance to test and develop your idea in a safe environment and with the help of experienced mentors.

“Innovation is the motor of the Estonian economy and using artificial intelligence helps to optimise the use of resources, making work smarter and increasing value added. Developing artificial intelligence is a global megatrend, and one in which Estonia certainly has something to say. We have the knowledge, the experience and the skills that need to be put to work effectively to make Estonian companies more competitive globally. Local companies have a lot to gain by using artificial intelligence to automate and digitise processes, and taking part in the bootcamp is a wonderful opportunity for them to give momentum to the technological leap that will open doors to new opportunities both domestically and abroad. Efforts need to be made today to develop and introduce artificial intelligence in order to remain competitive and agile in a rapidly changing economic space”, said former Minister of Entrepreneurship and Information Technology Andres Sutt.

Indrek Orav of the board of the Tehnopol Science and Business Park said that Tehnopol wants to support world-changing innovation, and AI is an inseparable part of innovative future solutions. “Artificial intelligence solutions have shown a serious capacity to make companies more productive, reduce their risks and save costs. Tehnopol supports companies in using this potential, and this time we want to see companies from other areas apart from manufacturing coming to the bootcamp so that we can help make them more competitive”, he said.

The bootcamp will be held on 16 and 24 August. It is open, among others, for health tech companies that have challenges that they need artificial intelligence to resolve and data-intensive businesses, and startup companies, scientific or student teams, or spin-off businesses that can offer solutions. Funding for pilot projects will only be available to those who have already completed the bootcamp. Decisions on funding will be made by an expert panel that will consider the project plans and presentations at the end of the bootcamp, and will be composed of leading experts and scientists in the field.

Apply before August 9. For more information and to apply, see ai.tehnopol.ee/en/